September 25, 2022

Conservatives Oppose Bailout

A Right Wing News poll shows that what I’d call hard-core conservatives oppose the bailout of Wall Street investment firms by an overwhelming margin.

Current results:

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Loath as I am to lend support to people and corporations whose failure is undeniable, doing so seems to be the smart thing rather than sticking to principle while the economy burns to the ground.

John says:

Some form of "fix" is inevitable. Conservatives need to be thinking about rational solutions. Doing nothing might not be a rational solution.

It’s also not rational to give Henry Paulson and his successors unlimited control over the bailout process.  Some form of Congressional oversight – a responsibility one hopes they will begin to take seriously – is needed, as is a form of recapture in the event that some of the acquired debt proves to be salvageable.

marc

Marc is a software developer, writer, and part-time political know-it-all who currently resides in Texas in the good ol' U.S.A.

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